Programme

• Time
• Title

• Registration and welcome

• Session 1

  Chair: Yifan Zhu (BI)

  09:00-09:45: Payout-Based Asset Pricing

  • Andrei S. Gonçalves (Ohio Fisher) & Andreas Stathopoulos (UNC Kenan-Flagler)
  • Discussant: Adam Winegar (BI)

  09:45-10:30: How Effective are Portfolio Mandates?

  • Jack Favilukis (UBC Sauder), Lorenzo Garlappi (UBC Sauder) & Raman Uppal (EDHEC)
  • Discussant: Christian Heyerdahl-Larsen (BI)

• Coffee break

• Session 2

  Chair: Paul Ehling (BI)

  11:00-11:45: Good Rents versus Bad Rents: R&D Misallocation and Growth

  • Philippe Aghion (INSEAD & LSE), Antonin Bergeaud (HEC Paris), Timo Boppart (IIES), Peter J. Klenow (Stanford) & Huiyu Li (San Francisco Fed)
  • Discussant: Yifan Zhu (BI)

• Lunch

• Session 3

  Chair: Tatyana Marchuk (Nova)

  13:00-13:45: Asset Pricing in a Low Rate Environment

  • Marlon Azinovic (UPenn Economics), Harold Cole (UPenn Economics) & Felix Kubler (Zurich)
  • Discussant: Federico Gavazzoni (BI)

  13:45:00-14:30: Optimal Financing of Government Purchases

  • Andrew Abel (Wharton) & Stavros Panageas (UCLA)
  • Discussant: Bernard Dumas (INSEAD)

• Coffee break

• Session 4

  Chair: Zeshu Xu (BI)

  15:00-15:45: A New Look at Uncertainty Shocks: Imperfect Information and Misallocation

  • Tatsuro Senga (Queen Mary)
  • Discussant: Costas Xiouros (BI)

  15:45-16:30: Leverage Dynamics and Learning about Economic Crises

  • Artur Anschukov (IC), Harjoat Bhamra (IC) & Lars-Alexander Kuehn (CMU Tepper)
  • Discussant: Lars Lochstoer (UCLA)